Overview
The global assisted reproductive technology market is expected to exhibit a CAGR of 6.1% during the forecast period (2024-2031).
Assisted reproductive technology (ART) can assist older women in achieving pregnancy by employing techniques such as in vitro fertilization (IVF). In IVF, eggs are fertilized with sperm in a controlled laboratory setting, enabling the selection of healthier embryos and enhancing the likelihood of successful conception.
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Market Growth Trends
The Constant Rise in the Infertility Rate will Drive the Market Growth
In many societies, there is a growing trend toward delaying childbearing as individuals prioritize education, career development, and personal goals before starting a family. However, age significantly affects fertility, and postponing pregnancy can increase the risk of infertility or reduced fertility due to age-related declines in reproductive function.
Additionally, certain lifestyle factors can contribute to infertility, including obesity, smoking, excessive alcohol consumption, drug use, poor nutrition, and sedentary behavior. These factors can disrupt hormonal balance, interfere with ovulation and sperm production, and negatively impact overall reproductive health.
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Market is segmented
By Technology Type: In Vitro-fertilization, Artificial Insemination, Frozen Embryo Replacement, Others
By Procedure: Fresh donor, Fresh non-donor, Frozen donor, Frozen non-donor, Embryo banking
By End-User: Hospital, Fertility Clinics, Others
By Region: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa
Market Key Players
· Irvine Scientific (FUJIFILM Corporation)
· CooperSurgical Inc
· Thermo Fisher Scientific, Inc.
· Genea Biomedx
· Microm UK Ltd
· Hamilton Thorne Inc
· Merck KGaA
· Laboratoire CCD
· Vitrolife AB
· OvaScience Inc
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